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Frequently asked questions
Answers to most frequently asked questions are stated below. If you have any other question, feel free to contact us.

Q: Do I have to open my own brokerage account in order to participate in your managed account program?
A: We recommend you to open your own brokerage account with one of our supported broker. Then we sign a document called Power of attorney in order to trade your account.

Q: Can I choose my own broker and ask the fund manager to use it for managing my account?
A: Yes, you can choose your own broker. However we strongly recommend ECN broker ATC Brokers (www.atcbrokers.com) or Alpari (www.alpari.com), then FXpro (www.fxpro.com). This recommendation is based on our experience with them and we do not have any commissions from them for reffering their services.

Q: If I already have an existing self-trade account at the managed account's broker, can it be used in the managed program?
A: You can only use your existing account if it is with the broker used by the managed program AND you have converted it to a managed account. If you do this, that account can no longer be self-traded by you. If you wish to have both a self-trade account and a managed account, you must open a second account at the broker. In most cases this is quite easy, and consists of resubmitting the signature pages of your original account application, a signed Power of Attorney for the managed program, and a note to the broker asking them to open a second account. You can even ask them to transfer funds from your existing account, to get the new managed account funded.

Q: How can I pay for your service?
A: After each month you pay us from profit made by us. Our performance fee depends on your account equity. You can pay us with Paypal, Moneybookers, Liberty Reserve, Paypay or Bank wire. We will provide you all necessary payment details via email at the end of each month.

Q: Do I need to keep my money in the managed account for a certain period of time to avoid penalties like mutual funds?
A: No, there are no penalties for withdrawing from the managed account program at any time you choose. Please, keep in mind the forex managed account minimum is $5,000 / 3,300 EUR. If you withdraw funds from your account and balance will be under $5,000 / 3,300 EUR we are not able to trade your account.

Q: Does the trader for my managed account have access to my funds?
A: No, the funds in your Forex trading managed account are in your name at the broker. You are the proprietor of this account and the only one who can make deposits to or withdrawals from this account. The only power you grant to the trade manager for the managed program is the power to trade your account through a Limited Power of Attorney, which also authorizes deduction of the agreed performance fee/profit share ("incentive fee") stated on the Power of Attorney.

Q: If I do not withdraw profits, do they reinvest -- i.e. compound -- automatically?
A: Yes, eventually profits left in your account will be considered an addition to principal, and will be factored into trade size calculations for future trades.

Q: Can I stop my account from being traded at any time I choose?
A: Yes. To stop trading, you submit a revocation of the LPOA which originally authorized the trade manager for the managed program to place trades in your account. You submit this to the broker using the link found on the broker's web site. Their web sites are open 24 hours a day. To withdraw funds, you simply execute a withdrawal just as you would normally from any other brokerage account, according to the procedures the broker uses.

Q: Is the Power of Attorney permanent?
A: No. You can revoke the Limited Power of Attorney on your managed Forex account at any time.

Q: Will my account have exactly the same results as you post on your website?
A: Yes. We open the same trades on every client's account.

Q: Are the results stated on your website before 15% commission deduction or after?
A: Every results stated in the performance section are before deducting our performance fee. We did so because our performance fees change and depend on the account equity.